UNDERLETTINGS Sample Clauses

UNDERLETTINGS. 14.3.1 The Tenant shall not underlet or agree to underlet any part of the Premises (as opposed to the whole).
UNDERLETTINGS. 18.1 The Tenant shall not underlet the whole of the Property.
UNDERLETTINGS. The Tenant shall not underlet a part (as distinct from the whole) of the Premises. The Tenant shall not underlet the whole of the Premises unless the proposed undertenant has first covenanted by deed with the Landlord in such form as the Landlord may reasonably require that with effect from the date of the underlease and during the period whilst the undertenant remains bound by the tenant covenants of the underlease the undertenant will observe and perform all the provisions of the underlease to be observed and performed by the undertenant; nor (where the proposed undertenant is a corporate body and the Landlord reasonably so requires) without first procuring a covenant by deed with the Landlord from two individuals who are or a company which is acceptable to the Landlord as surety for the undertenant; nor except by way of a “permitted underlease”; nor without the prior written consent of the Landlord (which will not be unreasonably withheld) or any superior Landlord (if applicable) or of any mortgagee or charge of the Landlord or any superior Landlord (if applicable). A “permitted underlease” is an underlease which is granted without any fine or premium; reserves a rent not less than the greater of the best rent which the Tenant ought reasonably to obtain in the open market upon the grant of such underlease and the Rent then payable; incorporates provisions for the review of rent at the same times and on the same basis as in the Lease; is (so far as is consistent with an underlease) in a form substantially the same as the Lease except that further subletting shall not be prohibited; before the underlease is completed, or, if earlier, before the undertenant becomes contractually bound to take the underlease, is validly excluded from the operation of sections 24 to 28 (inclusive) of the Landlord and Tenant Xxx 0000, in accordance with the provisions of section 38A of that Act and the relevant Schedules of [the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003 ("the Order"); and Is not granted until the Tenant produces to the Landlord adequate evidence of such valid exclusion as referred to in clause 11.8.5. The Tenant shall enforce and shall not waive or vary the provisions of an underlease and shall operate at the relevant dates of review the rent review provisions contained in an underlease but shall not agree the rent upon such a review without the prior approval of the Landlord.
UNDERLETTINGS. The Tenant shall not underlet the whole or any part of the Property or share or part with occupation or possession of the whole or any part of the Property.
UNDERLETTINGS. 19.1 The Tenant shall not underlet the. whole or any part of the Property.
AutoNDA by SimpleDocs
UNDERLETTINGS. (a) not to underlet part only of the Premises;
UNDERLETTINGS. 11.10 The Tenant will not underlet part of the Property.
UNDERLETTINGS. 17.1 The Tenant shall not underlet the whole or any part of the Property in any circumstances.
Time is Money Join Law Insider Premium to draft better contracts faster.